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joi, 11 iulie 2013
"Deadpool PC Gameplay Walkthrough Playthrough Part 7 HD - Deadpool's..." from gamer4ever and more
Seth's Blog : But it only works sometimes
But it only works sometimes
A glimpse is often more compelling than a certainty. For a minute or two, the drum solo on Monk's Dream is totally and completely alive. It even makes the neighbor's dog turn his head and stare at the speakers.
If all recorded music sounded this good all the time, it would lose its magic for me. I certainly wouldn't spend hours trying to get my stereo just right (one more time).
Word of mouth comes from intermittent delight. Things that work all the time are harder to talk about.
Random reinforcement drives people to focus their attention and effort, because it's worth sifting through many to find the one that's worth it.
Sure, there are places where six sigma reliability is essential (like pacemakers). But in most markets, your audience is likely to talk about your flashes of brilliance.
Sometimes, we're so focused on being consistent that we also lower the bar on amazing. After all, the thinking goes, if we can't be amazing all the time, better to reset the expectation to merely good. Which robs us of the ability to (sometimes) be amazing.
But amazing is what spreads.
In markets where some people expend unreasonable energy, we get uneven results, and those results are things we seek out, again and again.
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miercuri, 10 iulie 2013
Mish's Global Economic Trend Analysis
Mish's Global Economic Trend Analysis |
- Luxembourg PM Jean-Claude Juncker to Resign Over Spy Scandal; Obama Should Do the Same
- FOMC Minutes and Economic Projections: Dissent in Both Directions; Confused?
- Mortgage REITs Clobbered as Leverage Forces Sales
- D.C. City Council Proposes Super-Minimum "Living Wage" of $12.50 an Hour; Wal-Mart Threatens to Pull Out
Luxembourg PM Jean-Claude Juncker to Resign Over Spy Scandal; Obama Should Do the Same Posted: 10 Jul 2013 02:53 PM PDT The spy scandal has now hit Luxembourg. Jean-Claude Juncker, the prime minister of Luxembourg, and also the head of eurogroup finance ministers will resign over spy scandal. Luxembourg will hold new elections after Prime Minister Jean-Claude Juncker announced he would resign following a secret service scandal. Mr Juncker, Europe's longest-serving head of government, told parliament he would step down on Thursday.Juncker Denies Wrongdoing Juncker told parliament "the intelligence service was not my top priority," while denying he personally did anything wrong. When it Becomes Serious, You Have to Lie In case your memory needs refreshing, please recall that in the midst of the eurozone crisis, Jean-Claude Juncker openly stated "When it becomes serious, you have to lie". It seems to me these charges are pretty serious. If Obama and every other head of state involved in such scandals would resign as well, we would all be better off. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
FOMC Minutes and Economic Projections: Dissent in Both Directions; Confused? Posted: 10 Jul 2013 12:41 PM PDT Following is a snip from the June 18-19, 2013 Minutes of the Federal Open Market Committee, released today. Highlighting is mine. In their discussion of monetary policy for the period ahead, all members but one judged that the outlook for economic activity and inflation warranted the continuation of the Committee's current highly accommodative stance of monetary policy in order to foster a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability.Dissents Voting against this action: James Bullard and Esther L. George.Economic Projections Here are a few snips from the related Summary of Economic Projections. Overall, FOMC participants projected that, under appropriate monetary policy, the pace of economic recovery would gradually pick up over the 2013-15 period, and inflation would move up from recent very low readings but remain subdued.This is all meaningless of course, but at least you know what they are thinking. I surmise the consensus opinion was arrived at by holding their fingers in the air, noting which way the wind was blowing, then predicting the wind direction will not change much. Confused? Only one member had enough common sense to want to end QE now, whereas (some, half, many, most, a few, etc.) seem to be damn confused as to what to say and how to say it. Zero Hedge noted Even The Experts Throw Up All Over The Fed Minutes GMP's Adrian Miller with the best roundup of the sheer indecipherable gibberish just excreted by the Fed:If you are confused about what the FOMC participants said or meant, it's probably because they do not know either. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
Mortgage REITs Clobbered as Leverage Forces Sales Posted: 10 Jul 2013 09:54 AM PDT Curve Watchers Anonymous continues to follow the rise in treasury yields. Here are a couple of charts. $TNX: 10-Year Treasury Yield ![]() Yield on the 10-year note has risen from 1.614% to 2.664% since the beginning of May. The following chart provides a better historical perspective. Yield Curve As Of 2013-07-20 ![]() click on chart for sharper image
The rise in yields have wreaked havoc in the bond markets and even more so in mortgage-related Real Estate Investment Trusts (REITs). REITs Deepening Bond Losses as Leverage Forces Sales Bloomberg reports REITs Deepening Bond Losses as Leverage Forces Sales Annaly Capital Management Inc. (NLY)'s Wellington Denahan, head of the largest mortgage real-estate investment trust, told investors less than three months ago that reports REITs could threaten U.S. financial stability were as misleading as the media frenzy over shark attacks in 2001.Leverage Sharks Bite Bloomberg reports "Annaly's Denahan presented her shark analogy after Fed Governor Jeremy Stein referenced mortgage REITs in a February speech on how credit markets were showing signs of potentially excessive risk-taking." Mortgage REITs Stumble Morningstar reports No Surprises Here: Mortgage REITs Stumble Mortgage REITs are a polarizing asset, either loved (for their yield) or despised (for their risk) by investors. The bears must be feeling vindicated now, as the market's emotional response to the Fed's recent announcements sent iShares Mortgage Real Estate Capped (REM) into a nosedive since the beginning of April. REM lost a stomach-churning 19% over the past three months, driven by instability in the yield curve and falling book values.REM Daily Chart - Mortgage REITs ![]() Investors and hedge funds plowed into REITs believing treasury and mortgage rates would stay low forever. And they are still low historically. But if the secular low in treasury and mortgage yields is in, these kind of losses will accumulate. Leverage runs both ways. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
Posted: 09 Jul 2013 11:25 PM PDT D.C. is on the verge of passing a Living Wage" law mandating $12.50 an hour wages, but only for retailers with corporate sales of $1 billion or more. The response from the world's largest retailer is hardly unexpected. Wal-Mart Threatens to Pull Out of D.C. The Washington Post reports Wal-Mart says it will pull out of D.C. plans should city mandate 'living wage'. The world's largest retailer delivered an ultimatum to District lawmakers Tuesday, telling them less than 24 hours before a decisive vote that at least three planned Wal-Marts will not open in the city if a super-minimum-wage proposal becomes law.The Problem With "Living Wage" Laws In the chicken-and-egg game of "living wages", few have figured out it is government policies, not salaries that are the problem. Here are some easy to understand examples.
The Real Problem The real problem is not low salaries but rather how far money goes. Blame the Fed and government policies for that problem, not Wal-Mart. Should the law pass, it will of course artificially make small mom-and-pop retail stores more competitive, but for whose benefit? The net effect will be higher prices for everyone, a net loss of jobs, subsidization of weak uncompetitive companies, and a big round of cheers from union sympathizers who will benefit at the expense of everyone else (with the real problem not remotely addressed). To top it off, living wage laws (coupled with preposterously low interest rates from the Fed) provide further incentives for companies to look at software and hardware solutions to get rid of marginal workers. Should this inane law pass, it will backfire immediately. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
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Damn Cool Pics
Damn Cool Pics |
- If People Behaved Like Dogs
- Game Of Thrones Characters Simpsonized
- Life Hacks for Girls
- What Does Your Handwriting Say About You? [Infographic]
Posted: 10 Jul 2013 02:12 PM PDT |
Game Of Thrones Characters Simpsonized Posted: 10 Jul 2013 02:03 PM PDT Belgian artist Adrien Noterdaem has "Simpsonized" characters from many different fictional worlds. His latest project is the characters from Game of Thrones. |
Posted: 10 Jul 2013 09:26 AM PDT These life hacks will be useful for every girl. Break in your flats in under five minutes. Step 1: Put on thick socks, and then your flats. Step 2: Blow-dry your shoes around the tight sections for a few minutes. Step 3: Keep your socks/flats on while it cools. Step 4: Test them out, repeat process if you need them more stretched out. ![]() Put clear nail polish on the inside of your rings. ![]() Use a pumice stone to de-fuzz a sweater. ![]() Hang your purses with shower curtain hooks. ![]() ![]() Wear loose ponytails to avoid bald spots. ![]() White wine neutralizes red wine stains. ![]() Store your makeup on a magnet board. ![]() Neatly tuck your non-skinny jeans in boots. ![]() Remove deodorant stains with dryer sheets. ![]() Paint your keys with nail polish to easily distinguish the sets. ![]() Chill your white wine with frozen grapes. ![]() When you pack a suitcase, wrap your shoes in a shower cap. ![]() Add a magnetic strip in your bathroom cabinet to support bobby pins and tweezers. ![]() ![]() Turn around your hangers to clean out your closet. ![]() Put your necklace through a straw to keep the chain from tangling. ![]() Use a caddy to store your hair appliances. ![]() Mount cutlery trays to store your jewelry. ![]() ![]() Put pool noodles in your boots to keep them upright. ![]() Use rice and a sock to make a DIY hot pack. ![]() ![]() ![]() Tie your scarves and stockings to hangers for easy storage. ![]() Use two fingers to test out your bra fit. ![]() Put baking soda in your flats to avoid smelly shoes. ![]() Glue old wine corks to a picture frame to make your own DIY cork board. ![]() Use your hair straightener to iron hems. ![]() Use clothing hangers to organize your boots. ![]() Run your mascara wand under hot water for easier application. ![]() Use ice cubes to remove gum from your hair. ![]() |
What Does Your Handwriting Say About You? [Infographic] Posted: 10 Jul 2013 08:18 AM PDT Did you know that how you write can indicate more than 5,000 personality traits? The size of your letters, spacing between words, shapes of letters and more can all signify different characteristics. Handwriting analysis (also known as graphology) can even be used for detecting lies and revealing possible health ailments. Check out the infographic below to learn what your handwriting says about you. It's also fun analyzing the handwriting of your friends and family members, so be sure to hand it off or pass it along! Click on Image to Enlarge. Via: Pens |
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